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1 Centavo Aveiro

Issuer Câmara Municipal de Aveiro
Year 1921
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Currency Escudo (1911-2001)
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Reverse description Printed in dark blue on plain paper within a decorative foliate guilloche border matching the obverse. The central vignette presents a photographic-style panoramic view of the Rocio waterfront and the ria (lagoon) of Aveiro, with moored boats in the foreground and the town's buildings reflected in the calm water. The denomination 'VALE 1 CENT.º' is printed in bold lettering at the top, with the location caption below the vignette.
Reverse lettering VALE 1 CENT.º AVEIRO - Rocio e ria
(Translation: Worth 1 Cent. Aveiro - Rocio and lagoon)
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Comments

Portuguese municipal emergency notes of this type — cédulas municipais — filled a gap left by a chronic shortage of small coinage that plagued Portugal through the late teens and early twenties. The Banco de Portugal simply could not produce enough low-denomination metal currency to meet everyday transactional demand, and municipalities across the country were authorized to print their own fractional paper as a stopgap. Aveiro was one of dozens that did so.

At 1 centavo, this is the lowest denomination in the Aveiro municipal series — worth almost nothing even at the time of issue.

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